On Tuesday, KASP Auto Auction announced the appointment of Michele Pierog as its vice president of national sales. An industry veteran with over 15 years of experience, KASP highlighted that Pierog brings a wealth of experience in all facets of the auction business. Pierog started her career in 2002 with Auto Auction of New England, […] [Read More]

RMS Automotive recently announced that it has partnered with vAuto to make the evaluation and acquisition of manufacturers’ premium off-lease and off-program vehicles a speedier process for dealers. Open sale inventory listed on manufacturers’ digital sales platforms powered by RMS Automotive is now integrated into vAuto’s Stockwave tool. The integration can save dealers time sourcing […] [Read More]

Auction sales volume wasn’t quite as heavy in June as it was in May, but there was still a good bit more units pumping through the lanes this June than last. And through the first half of the year, the late-model segment, in particular, is up close to 8 percent.  According to the latest Guidelines […] [Read More]

J.D. Power Valuation Services might have sounded like the firm formerly known as NADA Used Car Guide was repeating itself when analysts shared both their assessment of used-vehicle price movement in June and their projection for July. According to the latest edition of Guidelines, J.D. Power Valuation Services reported that wholesale prices of used vehicles […] [Read More]

KAR Auction Services chief economist Tom Kontos continues to be intrigued by the special slice of wholesale data he began to share three months ago that’s produced a consistent trend counter to the overall price reading. But first, let’s look at that overall movement. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle […] [Read More]

As the calendar reached the midpoint of 2017, Black Book spotted some wholesale price movements that experts say might differ during the remainder of the year. According to Black Book data, the average price of a used vehicle in June for model years 2012 through 2016 decreased in value by 1.3 percent, slightly more than […] [Read More]

instaVIN, a provider of vehicle history and title information, has launched a revamped website, parent company KAR Auction Services announced Wednesday. Chief executive Jim Irish explained some of the upgrades in a news release. “At instaVIN, we are focused on simplifying vehicle history research for our customers and providing them with the most detailed and […] [Read More]

On Friday, the McConkey Auction Group announced that it has formed an executive team to oversee the strategy, operations, national sales, finance and marketing of its auctions in the Spokane, Wash., Kansas City, Mo., and Seattle markets. The new seven-member team includes: —David Pendergraft, DAA Northwest general manager —Doug Doll, KCI Kansas City general manager […] [Read More]

Manheim is opening six new physical auctions, which will be located in Alabama, Georgia, Illinois, North Carolina, Texas and Utah, some of which have already launched. The auction company, making the announcement Thursday, said these locations are smaller, one- to four-lane facilities. The six new auctions are: — Manheim St Louis Gateway in Bellville, Ill. — Manheim […] [Read More]

With Fourth of July influencing the measurements, the newest Black Book Market Insights report indicated both car and truck values remained relatively stable week-over-week. Out of both segments, editors noticed six vehicle categories maintained their values as depreciation was unchanged, with one additional vehicle category, full-size vans, increasing its value by 0.01 percent. “Wholesale prices […] [Read More]